Job Description
Rev & Regs are recruiting for a Head of Financial Crime Operations role for a dynamic commercial and retail bank focused on mortgages / lending.
The Head of Financial Crime Operations is responsible for undertaking and providing oversight of key financial crime prevention and detection activities in line with the Group’s risk appetite and financial crime policies and procedures.
Responsibilities:
* Delivering a 1LOD financial crime model that aligns with the Board and Executive Committee expectations and has both the capacity and capability to manage financial crime controls and tasks that sit within 1LOD.
* Leadership of the Financial Crime Team in executing their duties, including but not limited to Onboarding. Name Screening, Payment Screening, Transaction Monitoring, Fraud, Periodic & Event Driven Reviews and Quality Assurance.
* Developing and maintaining a positive and professional working relationship with key stakeholders including 1LOD Managing Directors, Money Laundering Reporting Officer and 2LOD Financial Crime.
* Fostering a culture of continuous improvement by identifying opportunities to enhance controls and/or leverage technology to mitigate relevant financial crime risks.
* Driving operational efficiency and reducing costs by identifying and implementing continuous improvements in the team’s operations and processes, reducing subsequent year-on-year headcount requirements.
* Developing and maintaining financial crime processes and procedures that adhere to and achieve internal, regulatory, and legal requirements.
* Collaborating with the Compliance department (2LOD Financial Crime) where necessary to seek advice on complex financial crime risk related matters and to support production of risks assessments and MLRO report.
* Ensuring that performance of key financial crime controls owned by 1LOD are subject to appropriate quality assurance/control/testing.
* Ensuring that screening and transaction monitoring controls are risk assessed, calibrated and subject to ongoing efficacy reviews in line with risk appetite and subject to appropriate 2LOD Financial Crime oversight.
* Providing financial crime expertise, where necessary, in assessing business transformation or small change projects and product reviews to ensure that such meet internal, regulatory and legal requirements.
Experience:
* Significant demonstrable experience in a financial crime risk leadership role, or similar.
* Experience within the mortgages / lending industry is an advantage.
* Demonstrable experience leading and managing a team responsible for performing financial crime control management.
* Exceptional knowledge of financial crime risks, controls and the assessment of such.
* Strong understanding of the legislative and regulatory frameworks that apply to financial services institutions regulated by the FCA and PRA for Financial Crime.
* Holds a professional qualification in Financial Crime Prevention (such as ICA or ACAMS), or similar.
Salary: £105,000 plus bonus
Location: Hybrid (3 days per week in City of London)